Although the housing market is still in a weak state, it's still improved from last year. But according to the Freddie Mac’s September Multi-Indicator Market index, the housing market is closer in similarities to its all-time low than its all-time high.
The national MiMi came in at 74.4, indicating a weak housing market overall. This is a slight improvement from August to September, and on a year-over-year basis, the housing market has improved 3.68%.
Mimi’s all-time high was 121.9 in June 2008, compared to its low of 59.8 in September 2011.
In September, 21 of the 50 states and 21of the 50 metros were showing an improving three-month trend. To put this in perspective, the same time last year, every state plus the District of Columbia, and 49 of the top 50 metro areas were showing an improving three-month trend.
"Following a similar trend from last month more states and metros continued to show improvement from the very slow summer months,” said Freddie Mac chief Economist Len Kiefer.
(Source Freddie Mac: Click to enlarge)
Click the next page to see what metros areas made the top five.